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Print Form [Execution copy] MASTER GUARANTEE AGREEMENT – FINANCE LEASE (Medium Term Credits Electronic Compliance Program) dated as of ___________, 20__ between [_____________________], as Lessor and EXPORTIMPORT BANK OF THE UNITED STATES MGA No. ____F EXIM BANK STANDARD FORM MGAF (09/05) LESSOR INFORMATION (MGA No. ____F) (1) Full Name of Lessor: ______________________________________________________ (2) Type of Entity (e.g., national association, corporation, partnership, etc.): ______________________________________________________ (3) Jurisdiction of Organization of Lessor and, if different, its ultimate parent company (i.e., where incorporated or equivalent): ______________________________________________________ (4) Notice Information: Unless otherwise specified in a notice delivered in accordance with Section 10.02 of this Agreement, all notices to the Lessor shall be delivered to the following address: Address: __________________________________________________ __________________________________________________ __________________________________________________ Attention: __________________________________________________ Facsimile: _______________________________ Telephone: _______________________________ EMail: _______________________________ EXIM BANK STANDARD FORM MGAF (09/05) i The parties set forth below have caused the Master Guarantee Agreement – Finance Lease (Medium Term Credits – Electronic Compliance Program) to be duly executed and delivered as of the date set forth on the cover page hereto. EXPORTIMPORT BANK OF THE UNITED STATES _________________________ By: (Signature) Name _________________________ (Print) Title: _________________________ (Print) LESSOR: ________________________________ (Print Full Name of Lessor) 1 By: _________________________ (Signature) Name: _________________________ (Print) _________________________ Title: (Print) _________________________ By: (Signature) _________________________ Name: (Print) _________________________ Title: (Print) ] MGA No. _____F 1 Provide for one or more signatures to the extent needed to bind the Lessor. EXIM BANK STANDARD FORM MGAF (09/05) ii TABLE OF CONTENTS LESSOR INFORMATION...................................................................preceding this Table of Contents SIGNATURE PAGE ...........................................................................preceding this Table of Contents BACKGROUND RECITALS.............................................................................................................1 SECTION 1. DEFINITIONS AND PRINCIPLES OF CONSTRUCTION.............................................1 1.01 Defined Terms......................................................................................................1 1.02 Principles of Construction .....................................................................................9 SECTION 2. APPROVAL OF TRANSACTIONS; CREDIT AND LEASE DELIVERY REQUIREMENTS ...........................................................................................................................10 2.01 Applications and Approvals ................................................................................10 2.02 Amount, Term and Use of Credits .......................................................................10 2.03 Principal Component of Guaranteed Rent.............................................................11 2.04 Interest Component of Guaranteed Rent...............................................................11 2.05 Reserved............................................................................................................11 2.06 Lease Delivery Requirements..............................................................................12 2.07 Credit Availability Period....................................................................................12 2.08 Lease Agreement................................................................................................12 2.09 Application of Payments.....................................................................................12 SECTION 3. GUARANTEE ELIGIBILITY REQUIREMENTS ........................................................13 3.01 Cash Payment.....................................................................................................13 3.02 Local Cost Goods and Services............................................................................13 3.03 Insurance...........................................................................................................13 3.04 Reserved............................................................................................................13 3.05 Ancillary Services ..............................................................................................13 3.06 Amount..............................................................................................................13 3.07 Exposure Fee......................................................................................................14 SECTION 4. THE GUARANTEES..................................................................................................15 4.01 The Guarantees...................................................................................................15 4.02 Coverage of the Guarantees.................................................................................15 4.03 Binding Guarantees............................................................................................15 4.04 Timely Demand..................................................................................................15 4.05 No Amendment..................................................................................................15 4.06 No Termination Without Consent ........................................................................16 4.07 Revocation of Lessee’s Payment..........................................................................16 SECTION 5. ISSUANCE OF GUARANTEES..................................................................................16 5.01 General..............................................................................................................16 5.02 Lease Delivery Approvals ...................................................................................16 5.03 Replacement Lease Agreement and Lease Supplements ........................................16 5.04 Lease Agreement and Lease Supplement Completion ...........................................17 SECTION 6. CONDITIONS PRECEDENT......................................................................................17 6.01 Conditions Precedent to the Effectiveness of this Agreement.................................17 6.02 Conditions Precedent..........................................................................................17 SECTION 7. COMMITMENT FEES AND PAYMENT METHOD....................................................18 7.01 Commitment Fees...............................................................................................18 7.02 Method of Payment ............................................................................................18 EXIM BANK STANDARD FORM MGAF (09/05) iii
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